by david@numbercraft.us | Dec 3, 2024 | Latest News: Financial Planning
Starting a business without a plan is like setting sail without a compass. While you might eventually reach your destination, the journey will likely be longer and more challenging. A well-constructed business plan is essential for guiding your business towards...
by david@numbercraft.us | Aug 23, 2024 | Latest News: Business Development, Latest News: Business Finance, Latest News: Marketing, Latest News: Strategy
Navigating the current economic environment can feel like an uphill battle, especially in relation to your pricing strategy. Globally, economies are experiencing an inflationary environment. In the US, for example, average prices have surged by over 20% since the...
by david@numbercraft.us | Aug 14, 2024 | Latest News: Business Finance, Latest News: Financial Planning, Latest News: Investing, Latest News: Personal Finance
Financial models are invaluable tools designed to help you understand and project the financial health of your business. By simulating different scenarios and examining potential outcomes based on various inputs like sales growth, margins, and cash flow, these models...
by david@numbercraft.us | Aug 8, 2024 | Latest News: Business Development, Latest News: Business Finance, Latest News: Investing, Latest News: Personal Finance, Latest News: Strategy
When Treasurer Jim Chalmers handed down the 2024-25 Federal Budget on 14 May 2024, it was clear that the government had a diverse range of objectives. From offering tax cuts to supporting vulnerable groups, the budget is packed with measures aimed at...
by david@numbercraft.us | Aug 2, 2024 | Latest News: Business Finance, Latest News: Financial Planning, Latest News: Strategy
Ever felt like the term “current ratio” sounds like something straight out of a high school mathematics class that you’d rather forget? You’re not alone. But here’s the thing – understanding the current ratio can be a game-changer for managing your business’s...
by david@numbercraft.us | Jul 27, 2024 | Latest News: Human Resources, Latest News: Management
What is Payroll? Payroll refers to the process of managing and processing employee compensation, including wages, salaries, bonuses, and deductions. This process includes calculating employee pay, withholding taxes, and other deductions, and ensuring that employees...
by david@numbercraft.us | Jul 21, 2024 | Latest News: Management, Latest News: Marketing, Latest News: Strategy
Most businesses understand that customer satisfaction is crucial to their success. Happy customers are more likely to remain loyal, refer others, and leave positive reviews. This trend has only been amplified by social media and online review sites, where negative...
by david@numbercraft.us | Jul 13, 2024 | Latest News: Business Finance, Latest News: Management, Latest News: Strategy
In the world of small businesses, positive cash flow is king. It’s the driving force that keeps your business engine running smoothly, covering all your liabilities. But what happens when outflow exceeds inflow? Cash flow problems ensue, threatening the survival and...
by david@numbercraft.us | Jul 5, 2024 | Latest News: Management, Latest News: Marketing
The power of a well-crafted email signature is often underestimated by professionals and businesses alike. Your email signature is essentially your calling card: it’s where you can share information about yourself and your company, like your website and social media...
by david@numbercraft.us | Jun 29, 2024 | Latest News: Management, Latest News: Strategy
As a small business owner, one of your biggest concerns may be the threat of retail theft. It’s understandable that the thought of someone stealing from you could be both frustrating and disheartening, especially when you’ve poured so much effort into building your...
